Bad Condo Association, Mortgage already underwater. What to do?Hi ZillowCommunity, I wanted to know if anyone can suggest a direction for someone in my circumstance:In Oct2006 I bought a small, 3rd floor condo for $145k about an hour west of Boston in a small "tight knit" 4 unit association. At the time the condo association was doing OK; not much in the bank, but the members were paying on time and everything seemed to be going well without a management company. In the last 4 years, a series of events and circumstances have thrust the condo association into turmoil, not the least was a unit foreclosure by FannieMae and the pressing issue of 2 out of 4 units not paying their monthly condo dues for the last 19 months. Currently, the Association's insurance company has told us to replace a section of leaking roof and re-shingle nearly the entirety of the rest of the roof.The condo association's common roof is leaking into my unit and now the insurance company is telling us we'll be un-insurable if the damaged section of the roof isn't repaired and a further section re-shingled before March2011 when our policy is up for renewal. Due to the financial issues of units not paying and the extreme cost of having such a large roof section re-shingled, I'm not sure what I can do to have any kind of positive outcome for me and my family. I have the money to pay both my condo dues and the assessment for my unit's share of the roof repair; but without the other units to pay, what can I possibly do?On top of it all, FannieMae is selling the unit that went into foreclosure for less than 1/2 of what I paid for my unit, and my "Zestimate" is at $119k (paid $145k) – even before the unit is sold.Myself, my wife of 2 years and my 1month old baby girl are in a very bad situation here, and I'm not sure what my options are!Does anyone know of a good local RealEstate lawyer or someone that I can talk to that can go over my options (walk away, sue the other units, Anything else? )HELP!October 28 2010 - Town of Clinton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.